St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-07
SATURDAYS MARKET.
On the Chicago Board of Trade There
Was Marked Excitement In All
Sorts of Grain.
The Advance in Wheat Began Friday
Afternoon in the Future
For May.
The Cereal Pit the Scene OF IurIhoii'
With Shorts Covering
Freely.
transactions in the Financial Cir
cles of Wall STRAIGHTFORWARD
Quotations.
Special to the Globe.

Cu1CACO March 5-There was semi-panfc
among short sellers OF wheat on change
to-day. and the manner in which they ran to
cover WAS wonderful to behold. An advance
of &c a bushel in wheat is so extraordinary
thing in these bear days that the crowd is
naturally looking around for some extraordi-
nary explanation of it. The two bits of gos-
sip that were considered or the most slgnln-
canoe were the reports that the several big
bull wheat synd oates had made ut last sue
.essful alliance Neither Field, Lpdley u
20. nor Rosenfeld s. Co. were large sellers of
wheat to-day. They did sell and buy, but
hev were evidently trading around the big
blocks which they held for the old and long
time bulls and not on them Inc combination,
it was said, was made by the Cincinnatlans
who we're down TO New York and got in the
clioue of Hebrew bulls down there, and fin
ally got in also the San Francisco people.
who also made their headquarters IN Gotham.
Rnt nv all odds the most important rumOr
was that Armour had becomea
BIG BUYER OF WHEAT.
This was not brand new rumor to-day. for
it was current yesterday, but II was reiterated
more yehemently to-day. and with better
proof. 1t is more than likely true. II Ar
mour has turned about to bull wheat for no
other purpose than TO detract attention from
pork and ribs, it has been a good move.
There was no kicking against the provision
ClIQue leurQ Al Ill lO-uuy Oh lhO ptuSi manu-
there were heard goou many thankful sort
of calculations TO the clique, OF whomsoever
II might be formed, who had first made 1t
plain in the pit that "all good bull days were
Iot gone by" a buying fever mas selzed the
speculators here and if it lasts the market is
70 he treated TO such an advance as it has not
experienced for u long while This began In
pork, and grew feebly lis pork went up slowly
from IS Ii had full possession by the time
pork was SIS, and when that was at $50 it
was so fierce that it spread over the whole
provision pit. Short ribs advanced from
under cents to nearly cents, and lard from
+ cents 10 nearly cents. Then the corn pit
was the next to catch the excitement. and
after q little hesitancy that grain went up
from 3SILc to above 40c. Wheat now is feel
ing the buying fever. At the opening this
morning it was above sue Ior May, ana IN an
hour was above SIC.
THE ROUTINE REPORT.
CHICAGO. March 5--The trading on Change
to-day WAS one Of marked excitement in
grain, accompanied by sharp advance in
prices The advance in wheat began yeSter-
day afternoon, when the May delivery was
advanced from 79c up to 1870, where the
market rested last night. This morning the
market opened at S0$ac and had very few
stops until it had touched Size. The buying
all the way up was on Il very free scale, and
the Dit was the scene of sharp excitement.
with ''shorts" covering freely. Orders came
pouring in from the outside which materially
aided the market. From S134c the market
was pounded down to S11c, but within half
an hour it was tending up again and only
stopped when the price had touched S24c,
the market closing for the day at S21sc.
Foreign aGvlces quoted steady and
firm markets. The clearings from At
lantic ports aggregated $4,000 bushels
and d liberal decrease in The visible supply is
expected by operators. The boom in corn
was Il counterpart of that in wheat. The
market opened &c higher, fell back ssc, ad-
Vanced 1c under Il good demand from
shorts" but fell back 9sc under more lib
eral offerings, and closed 5sc higher than yes
terday. There were more outside orders on
the market. The receipts were fair, and the
shipping demand continues TO be moderate.
Oats ruled firmer in sympathy with the other
markets. and there was Increased trading.
The market closed 14@3sc higher than on yes
tcrday. There was an active trade in provis-
ions. though few transactions occurred in
mess pork, the prices tor which remained
steady and unchanged. Lard opened 5071ac
per 100 lbs. higher, followed by another I'M
provement of T1aG10c; prices then fell back
l2l5@l5c, rallied 5010c and closed steady.
Short ribs advanced 20O30c early, but receded
and closed at Yesterdays figures.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. =, March, T45sc closing at 76Ic;
May. SO3Sc, closing ut S21sc; June, Sl1ac,
closing at S31sc; July, S2asc, closing at
sac. Corn-No. ,. March, 3574c, clos
ing at 35sc; May, 4O54c, closing at 411sc;
June, 4154c, closing at Age: July. 1890,
closing ut Acc. Oats-No. =, March, 24c,
closing at 24c; May, 29c, closing at 29c;
June, 293sc, closing at 2914c. Mess
pork, per barrel, March, 5000, closing
at $1,000; May, $2l, closing at sci; June,
$21, closing at .$2l Lard per 100 pounds
March, $3.50, closing Mt $3.50: May, $40,
closing at $7.65; June, $3.50, closing ut
S7.671a. Short ribs per 100 pounds-March.
Ss.45, closing at S.45; May, $50, closing
at $3.50; June. $3.50, closing at SS.57%.
Cash quotations were rs follows: Flour firm.
Whear-No. 2 spring. T614@19c; No. 8 spring,
73%c: No. 2 red, SO@S0kc. Corn-No. 2,
357s03s19c. Oats-No. 2, 24@2414c. Rye
No. ., SIC. Barley-No. 2, 4SD5Oc. Flax
seed-No. l, S1.OS. Prime timothy seed, S1.79
@lS0. Mess pork, per bbl, $20.5O. Lard,
per 100 lbs, $3.50. Short ribs, sides, loose,
SS.45; dry sailed shoulders, boxed, S6td6.25;
short cigar sides, boxed, SS.65@S.70. Whisky,
dlstilers finished goods, per gal, $1.1S.
Sugars, cut loaf, 614@67sc: granulated, &c;
standard "a 5%@55sc. Receipts-Flour,
$4,000 bbls; wheat, 5000 bu: corn, III ,00c
bu oats, 122,000 bu; rye. 1000 bu; barley,
41,000 bu. Shipments-Fiour, $4,000 bbls;
wheat, $4,000 blu; corn, 0,G00 bu: oats. 152. 900
bu: rye, 5000 blu: barley, 81 900 blu. On the
produce exchange to-day the butter market
was firm; creamery, 2403lc per ID; dairy.
22@26c per ID. Eggs, 1211a@13c pr doz.
PITER BERKEY. Pres. F. W. ANDERSON, Cashier
Gu .GRlGGs. Wires. A. c. ANDERSON Asst.
The ST. PAUL NATIONAL BANK
CAPITAL, 100000.